JJG’s Outline of Bitcoin Investment Ideas

[Barrykbest]

[edited out]

Yes, you are right, first a person needs to start investing. By starting an investment, a person can continue to buy consistently and can do what is needed to manage his investment properly and can gain knowledge. To hold the investment in the long term, it will not be possible to hold the holding in the long term only if he has basic knowledge about Bitcoin. One has to start investing with basic knowledge about Bitcoin first. After that, a person can learn a lot more.

Frequently, I like to suggest that the main thing that a person needs to know is whether or not he has discretionary income so that he actually can invest into bitcoin, which just requires basic math skills that most people should be able to learn and/or recognize the extent to which they have basic math skills to that they can properly calculate the extent to which they have a discretionary income.

And the knowledge of bitcoin does not need to be anything beyond glancing at a chart and seeing that number goes up and/or it tends to go up, even though it is volatile and not guaranteed to go up, which would be common sense kinds of assessments, so most people have common sense, and would be able to get started and learn along the way, as long as they have discretionary income. 

Getting started also helps to motivate learning, since common sense should suggest that an overwhelming majority of people would prefer to not lose money.

While investing, a person needs to reduce his extra expenses.

Beginner investors can increase their discretionary  income by increasing their income and/or by reducing their expenses.  It is optional whether they want to increase their discretionary income so that they can increase the amount that they are able to put into bitcoin.

It is always better not to spend extra, not only when investing.

How much a person chooses to spend it up to them, and surely many of us believe that bitcoin is a great place for everyone to put money and to invest time, energy and money into it, so yeah, if they are able to increase their discretionary income in order to be able to invest more into bitcoin, then that would likely be a good thing, yet none of us can make value choices for other people.  Each person has to make those kinds of choices based on his own personal factors.

If a person does not spend extra, then he may be able to buy aggressively with that extra expense. By reducing all these expenses such as extra eating out, smoking expenses, alcohol expenses, etc., you can buy more aggressively with this amount of money.

Sure. I it is true that a person can choose to invest more aggressively in bitcoin if he has more discretionary income, and he also can increase his aggressiveness based on his having had put good cashflow management practices and back up funds into place... But again, the level of aggressiveness is discretionary (meaning people need to choose their level of aggressiveness, and so if they are a new investor, they might not want to be aggressive until they become more comfortable and accustomed to investing into bitcoin and also learning about bitcoin, so in that regard, the more that a person knows and feels comfortable, then the more likely that he is able to increase his level of aggressiveness within the boundaries of his discretionary income.

I would suggest that there is a bit of a process, and surely there are some folks who learn about bitcoin quickly and are able to increase the level of their aggressiveness soon after starting to invest in bitcoin, and other newbies may well take some time to get used to bitcoin in order to feel more comfortable increasing their level of aggressiveness, so some beginners might purposefully choose to invest into bitcoin with quite a bit of reservation, perhaps in a very conservative kind of a way, and surely it seems that there might be a need for them to study bitcoin so that they can increase their level of aggressiveness, yet those are also choices that individuals have to make in order to figure out their level of comfort in regards to how much time, energy and/or value to put into bitcoin.

I really like the way this conversation touches on the idea of Bitcoin’s total addressable market and the timescale it might take to actually play out. I have been studying Bitcoin for a while, It’s easy for people to get caught up in short-term price targets, but the bigger story isn’t about a $1 million spot price it’s about how much global value eventually migrates to the most efficient store of value over time.

When you think about it, almost every asset that holds value today, gold, bonds, real estate, even stocks to some extent does so partly because there hasn’t been a better option. Bitcoin changes that equation. It’s neutral, verifiable, borderless, and uncompromisingly scarce. So even if this transition takes decades or a century, capital naturally seeks efficiency, and Bitcoin’s design gives it that advantage.

I also agree that trying to time the market misses the point. Accumulating steadily, understanding your personal time horizon, and preparing for different outcomes seems a lot more realistic than expecting Bitcoin to move according to our personal timelines. Like @JJG says, Bitcoin doesn’t care what we want it just keeps producing blocks and enforcing rules.

Whether it takes 10 years or 200, the direction of value flow seems clear. The hard part for most of us is simply staying disciplined long enough to let that thesis play out.

[JayJuanGee]

Sure. I it is true that a person can choose to invest more aggressively in bitcoin if he has more discretionary income, and he also can increase his aggressiveness based on his having had put good cashflow management practices and back up funds into place... But again, the level of aggressiveness is discretionary (meaning people need to choose their level of aggressiveness, and so if they are a new investor, they might not want to be aggressive until they become more comfortable and accustomed to investing into bitcoin and also learning about bitcoin, so in that regard, the more that a person knows and feels comfortable, then the more likely that he is able to increase his level of aggressiveness within the boundaries of his discretionary income.

This is just the point sir, knowledge is very much important here, why most Bitcoin investors are still struggling while being aggressive in their Bitcoin accumulation is that they don't actually know how to go about their level of aggressiveness base on the discretionary income at their disposal,

You are still emphasizing a different point than me, and sure no problem, we don't need to agree.

I am suggesting that you don't need to know much about bitcoin in order to get started, even though you might need to know more if you are wanting to increase your level of aggressiveness.

In other words, I am ongoingly emphasizing that getting started is one of the most important things, and the only thing that is needed in order to get started is discretionary income, basic common sense and an ability to learn.  Such a person can learn the other details of investing in bitcoin and figure out position size, how to accumulate and various goals related to bitcoin as they go.  Getting started remains important from my point of view.

sometimes they tends to overdo it and it may likely spill over and before they know it, they have spent more than their discretionary income which will become a burden to them later on,

Well hopefully people can figure out their position size and those kinds of matters.  They do not have to have any particular level of knowledge, yet if they know that they are an impulsive person, they might need a bit more time to figure things out, yet i think that they still could start with $10 per week rather $100 per week if they have figured out that they have enough discretionary income that they could invest $100 per week, they might purposefully choose to reduce the amount to some lower amount as they are learning some details, yet I still consider getting started as being more important than creating various other obstacles that concern level of knowledge needed, since my own point of view is that most people have common sense and should be able to get started, unless they happen to be retarded. .which is ONLY around 1% of the population, so I am going to assume that people are capable and can get started rather than presuming that people are defective, even though surely there are a lot of ways that people can get distracted in bitcoin into shitcoins and/or into trading, but they are the ones who have to figure out those kinds of matters and perhaps limit themselves to $10 per week while they are adjusting and working their way up to $100 per week, which might require fixing their cashflow management systems and practices, too..  yet they do not have to have all of their matters fixed prior to getting started.

Waiting is not a good strategy, and if you suggest that there is some level of knowledge that any newbie needs prior to getting started, then I interpret you as suggesting that waiting is a reasonable strategy, and I disagree with that, unless you can point out some specific handicap or issue that a person might have to work out.  so for example, if a person cannot figure out whether he has a discretionary income or not then it might not be a good idea to get started investing in bitcoin, since there is a need to invest from discretionary income (money you can afford to lose) rather than from money that is needed for expenses.

but if an investor in Bitcoin is being aggressive within the confinement of his discretionary income just as you have already said, the possibilities of missing a step while investing is near to zero,

Frequently I suggest that investors in bitcoin should attempt to be as aggressive as they can without going overboard, yet they still have to figure out their level of aggressiveness so that they don't screw up, since if they screw up then they are going to have to suffer consequences for their screwing up, and it will be completely their fault, even though I told them to be as aggressive as they can without overdoing it, and if they overdo it, then it is their fault... so people have to figure out whether they have $100 to start or $10 or $1k or some other amount that they believe is completely within their ability to invest for 4-10 years or longer... and yeah, if they cannot figure out if they can lock up their money for 4-10 years or longer, then they are trading rather than investing, yet they should still get started and figure out the investment versus trading matters as they go.  Getting started is important.

and the chances of success in holding strong is extremely high, because all your deeds is within the confinement of your discretionary income.

So yeah, it is important to make sure that they are not investing beyond their discretionary income, so sure there may be some getting used to the matter, and I understand and appreciate that a lot of folks might have messed up finances, yet that still may well not hinder them from getting started investing into bitcoin as long as they can determine that they have discretionary income that they are able to put into it.. and yeah, the more messed up their finances and the more difficult for them to determine their budget and their cashflow, then the more likely that they would need to start out with much more conservative numbers as they are figuring out how much they will be able to invest on a weekly basis or whatever might be their periodic investing, and it is likely that the more organized they get and the more they strengthen their cashflow, then the more they will be able to increase their level of aggressiveness without worrying about overdoing it.

It can take several years to really build up a decent bitcoin position, and getting started seems to be the best of strategies for a newbie bitcoiner, as long as he can figure out that he has discretionary funds available.

[edited out]

Whether it takes 10 years or 200, the direction of value flow seems clear. The hard part for most of us is simply staying disciplined long enough to let that thesis play out.

Yep.  We should be trying to invest and/or build our bitcoin holdings in accordance with our own abilities, and maybe some of us can establish a fairly strong bitcoin position within 6-12 months (especially if we might be taking value from other locations), yet many times people do not have large investment portfolios, and they might not have much of any resources that are actually liquid beyond their regular income, so they are stuck building their bitcoin holdings over 4-10 years or more.. which still can be reasonable, to build a bitcoin portfolio and even attempt to be aggressive in building such bitcoin holdings,

while at the same time not really knowing if our ongoing and persistent investment into bitcoin will pay off, even though we may well recognize and appreciate that bitcoin has most, if not all, of the characteristics of a superior asset and a superior investment, so we just build in accordance with out recognition of those kinds of aspects of bitcoin... yet while at the same time, trying to make sure that we do not wreck ourselves along the way by being overly aggressive or that we are not to apathetic about bitcoin as to be too whimpy in our investment, yet the level of our aggressiveness or whimpiness is a thing that we can figure out through studying bitcoin as we are investing into it.

[Loyang]

Sure. I it is true that a person can choose to invest more aggressively in bitcoin if he has more discretionary income, and he also can increase his aggressiveness based on his having had put good cashflow management practices and back up funds into place... But again, the level of aggressiveness is discretionary (meaning people need to choose their level of aggressiveness, and so if they are a new investor, they might not want to be aggressive until they become more comfortable and accustomed to investing into bitcoin and also learning about bitcoin, so in that regard, the more that a person knows and feels comfortable, then the more likely that he is able to increase his level of aggressiveness within the boundaries of his discretionary income.

This is just the point sir, knowledge is very much important here, why most Bitcoin investors are still struggling while being aggressive in their Bitcoin accumulation is that they don't actually know how to go about their level of aggressiveness base on the discretionary income at their disposal,

You are still emphasizing a different point than me, and sure no problem, we don't need to agree.

I am suggesting that you don't need to know much about bitcoin in order to get started, even though you might need to know more if you are wanting to increase your level of aggressiveness.

In other words, I am ongoingly emphasizing that getting started is one of the most important things, and the only thing that is needed in order to get started is discretionary income, basic common sense and an ability to learn.  Such a person can learn the other details of investing in bitcoin and figure out position size, how to accumulate and various goals related to bitcoin as they go.  Getting started remains important from my point of view.

sometimes they tends to overdo it and it may likely spill over and before they know it, they have spent more than their discretionary income which will become a burden to them later on,

Well hopefully people can figure out their position size and those kinds of matters.  They do not have to have any particular level of knowledge, yet if they know that they are an impulsive person, they might need a bit more time to figure things out, yet i think that they still could start with $10 per week rather $100 per week if they have figured out that they have enough discretionary income that they could invest $100 per week, they might purposefully choose to reduce the amount to some lower amount as they are learning some details, yet I still consider getting started as being more important than creating various other obstacles that concern level of knowledge needed, since my own point of view is that most people have common sense and should be able to get started, unless they happen to be retarded. .which is ONLY around 1% of the population, so I am going to assume that people are capable and can get started rather than presuming that people are defective, even though surely there are a lot of ways that people can get distracted in bitcoin into shitcoins and/or into trading, but they are the ones who have to figure out those kinds of matters and perhaps limit themselves to $10 per week while they are adjusting and working their way up to $100 per week, which might require fixing their cashflow management systems and practices, too..  yet they do not have to have all of their matters fixed prior to getting started.

Waiting is not a good strategy, and if you suggest that there is some level of knowledge that any newbie needs prior to getting started, then I interpret you as suggesting that waiting is a reasonable strategy, and I disagree with that, unless you can point out some specific handicap or issue that a person might have to work out.  so for example, if a person cannot figure out whether he has a discretionary income or not then it might not be a good idea to get started investing in bitcoin, since there is a need to invest from discretionary income (money you can afford to lose) rather than from money that is needed for expenses.

but if an investor in Bitcoin is being aggressive within the confinement of his discretionary income just as you have already said, the possibilities of missing a step while investing is near to zero,

Frequently I suggest that investors in bitcoin should attempt to be as aggressive as they can without going overboard, yet they still have to figure out their level of aggressiveness so that they don't screw up, since if they screw up then they are going to have to suffer consequences for their screwing up, and it will be completely their fault, even though I told them to be as aggressive as they can without overdoing it, and if they overdo it, then it is their fault... so people have to figure out whether they have $100 to start or $10 or $1k or some other amount that they believe is completely within their ability to invest for 4-10 years or longer... and yeah, if they cannot figure out if they can lock up their money for 4-10 years or longer, then they are trading rather than investing, yet they should still get started and figure out the investment versus trading matters as they go.  Getting started is important.

and the chances of success in holding strong is extremely high, because all your deeds is within the confinement of your discretionary income.

So yeah, it is important to make sure that they are not investing beyond their discretionary income, so sure there may be some getting used to the matter, and I understand and appreciate that a lot of folks might have messed up finances, yet that still may well not hinder them from getting started investing into bitcoin as long as they can determine that they have discretionary income that they are able to put into it.. and yeah, the more messed up their finances and the more difficult for them to determine their budget and their cashflow, then the more likely that they would need to start out with much more conservative numbers as they are figuring out how much they will be able to invest on a weekly basis or whatever might be their periodic investing, and it is likely that the more organized they get and the more they strengthen their cashflow, then the more they will be able to increase their level of aggressiveness without worrying about overdoing it.

It can take several years to really build up a decent bitcoin position, and getting started seems to be the best of strategies for a newbie bitcoiner, as long as he can figure out that he has discretionary funds available.

[edited out]

Whether it takes 10 years or 200, the direction of value flow seems clear. The hard part for most of us is simply staying disciplined long enough to let that thesis play out.

Yep.  We should be trying to invest and/or build our bitcoin holdings in accordance with our own abilities, and maybe some of us can establish a fairly strong bitcoin position within 6-12 months (especially if we might be taking value from other locations), yet many times people do not have large investment portfolios, and they might not have much of any resources that are actually liquid beyond their regular income, so they are stuck building their bitcoin holdings over 4-10 years or more.. which still can be reasonable, to build a bitcoin portfolio and even attempt to be aggressive in building such bitcoin holdings,

while at the same time not really knowing if our ongoing and persistent investment into bitcoin will pay off, even though we may well recognize and appreciate that bitcoin has most, if not all, of the characteristics of a superior asset and a superior investment, so we just build in accordance with out recognition of those kinds of aspects of bitcoin... yet while at the same time, trying to make sure that we do not wreck ourselves along the way by being overly aggressive or that we are not to apathetic about bitcoin as to be too whimpy in our investment, yet the level of our aggressiveness or whimpiness is a thing that we can figure out through studying bitcoin as we are investing into it.

Sir, I have seen people who earn and eat daily. For example, if they do not work every day, they may not get food. I have seen many in such situations. But despite this, they are able to save 50,000 naira at the end of the year. Even in the midst of such hardship, they are able to save. They do not spend extra on anything, they manage their financial situation through proper financial management. There are some people among us who spend $15 if they earn $10, they fall into a very bad situation after a while. If a person’s financial situation is very bad or their income is very low, they can still invest if they want, only through proper financial management. A person can invest $5 a week or a month if they want. If a person keeps buying $5 regularly, then maybe after a while a lot of bitcoin can be deposited in his wallet.

Yes, sir, a person should hold his holdings for a long time. If a person cannot hold his holdings for a long time, then he may be gambling with his money because. The risk of losing money in short-term investments is much higher. But the risk of losing money in long-term investments is much lower. If a person cannot hold his holdings for a long time, then it is better not to invest. Because the risk of losing money in short-term investments is much higher.

[ZeroVinsonN]

[edited out]

Yes, you are right, first a person needs to start investing. By starting an investment, a person can continue to buy consistently and can do what is needed to manage his investment properly and can gain knowledge. To hold the investment in the long term, it will not be possible to hold the holding in the long term only if he has basic knowledge about Bitcoin. One has to start investing with basic knowledge about Bitcoin first. After that, a person can learn a lot more.

Learning can always be done along side your investment provided that you can consistent in your bitcoin investment, but consistency isn't as easy as many make it seem, it can get really difficult for a person to keep pouring money into something and then have to wait years before getting any gain out of it, that's why only intentional investors can succeed in bitcoin investment, alot of time enthusiastic people start investing in bitcoin but over a period of time you see them backing away because at the end of the day bitcoin wasn't what they expected so bitcoin investment beats enthusiasm, it needs dedication and discipline on the part of the investor for his investment to be a success on the long run.

While investing, a person needs to reduce his extra expenses. It is always better not to spend extra, not only when investing. If a person does not spend extra, then he may be able to buy aggressively with that extra expense. By reducing all these expenses such as extra eating out, smoking expenses, alcohol expenses, etc., you can buy more aggressively with this amount of money.

Another reason why a bitcoin investor needs to be intentional, some people just love unnecessary extravagance and bitcoin investment can keep them away from this extravagance, in fact to be able to successfully maintain and HODL their bitcoin investment investors need to be able to let go of some of life's pleasures if they intend to be able buy bitcoin aggressively, after all a person aggressiveness can sometimes depend on how much of their discretionary that they can put into their bitcoin investment and you can't put much of it into building up your bitcoin if you are already spending it on irrelevancies. So to invest in bitcoin, you need to be able to let go of some of these things.

[obuoma]

Gold is a relic and sure, it is the current go to instrument for legacy finance, but I doubt it is a good place to put value.  Bitcoin is somewhere in the ballpark of 1,000x or more better than gold, so it seems silly to be putting value into gold and diluting your investment capital to put into gold that has already shown itself as a loser in modern monetary battles.. I frequently suggest that guys put no more than 10% of the size of their bitcoin holdings, into gold, and even 10% might be too much.

I do think diversification is key in my portfolio.
I will probably retire early in a few months / years (it depends on how well btc and some assets in brazil will perform) and I need something more stable to keep living.

Also, I may even sell some gold to buy more bitcoin in a bear market.

I do think bitcoin is better than gold. I have 10x more bitcoin than gold. But I am not so optimistic about 1 quadritillion . If it goes to 1 mi it will be amazing .
But I want it to reach 1 mi while I am still young, not in 200 years lol

There are more interest in Bitcoin now than before and that means the market moving by a significant number will require some time. When I started developing interest in Bitcoin, I was told by the friend that introduced me not to expect 10x in Bitcoin so easily that I should give it time because Bitcoin will require time to grow since the market cap is a little bigger now than it was before. Those words stock to my head and if they are true, which I believe they are, I'm sure it will require up to 10 to 20 years for Bitcoin to reach $1 million. This is speculation but I'm just trying to ensure I don't set targets that are too difficult to achieve.

[JayJuanGee]

[edited out]

Sir, I have seen people who earn and eat daily. For example, if they do not work every day, they may not get food. I have seen many in such situations. But despite this, they are able to save 50,000 naira at the end of the year. Even in the midst of such hardship, they are able to save. They do not spend extra on anything, they manage their financial situation through proper financial management. There are some people among us who spend $15 if they earn $10, they fall into a very bad situation after a while. If a person’s financial situation is very bad or their income is very low, they can still invest if they want, only through proper financial management. A person can invest $5 a week or a month if they want. If a person keeps buying $5 regularly, then maybe after a while a lot of bitcoin can be deposited in his wallet.

For sure it is not easy for some people to continue to save/invest, and with bitcoin, I recommend to try to get into a system that they are putting away money that they are not going to want to or need to tap into for 4-10 years or longer, so in order to have that kind of a commitment there is also some need for back up funds in the case that  some months the expenses may well be higher than the income or there might be other shortfalls in the income.

Small amounts do add up to a lot, yet it still can be difficult to be consistent and persistent and not to tap into the investment for 4-10 years or longer, and frequently it will take much longer than 10 years to get to a decently sized holdings, especially if a person only able to invest less than 10% of their income, and you are correct that there may be months at a time that they might not be able to invest into bitcoin because they have either determined that they don't have sufficient discretionary funds and/or that they might not be sure if they have discretionary funds until they get through such period of perhaps low income and/or high expenses.

Yes, sir, a person should hold his holdings for a long time. If a person cannot hold his holdings for a long time, then he may be gambling with his money because. The risk of losing money in short-term investments is much higher. But the risk of losing money in long-term investments is much lower. If a person cannot hold his holdings for a long time, then it is better not to invest. Because the risk of losing money in short-term investments is much higher.

It seems to me that the risk does not necessarily go down with the passage of time, and we also cannot expect that bitcoin is guaranteed to go up in value, yet so far in bitcoin's history it has continued to go up with the passage of time, especially over longer periods of time, so some level of comfort can come as our holdings in bitcoin become more and more profitable, yet the mere fact that our bitcoin holdings might be profitable would still not necessarily be a reason to either sell it or to stop accumulating it, depending on the size of our stash and the goals that we might have in connection with building up our bitcoin stash.

A relatively poor person, even one who had ONLY been investing around $10 per week for 5 years (which would be around $2,500) may well be tempted to tap into his bitcoin investment if it had doubled  or tripled (or more) in value based on changes in the BTC price, so maybe after 5 years if for some reason there is a spike in bitcoin's spot price, and their investment had gone up 5x (let's say to $12,500), so then he might still find it futile to be continuing to add $10 per week when the added value does not seem to be causing the BTC holdings to grow as much as the fluctuations in the value, so there could be times that the guy gets confused about what to do, when maybe it would be in his best interest to keep buying bitcoin, even though he also might have other good ways that he could use the money, too.. but at the same time, if he might ONLY be making $400-$600 per month, he might find it quite tempting to tap into funds that might be 2-3 years or more of his total income..

So there can be dilemmas for folks are struggling with their finances to keep investing into bitcoin or maybe to find some balance in regards to how they might benefit from having their bitcoin investment, and hopefully it is causing them a sense of security rather than causing them stress, even though they also may well have the obligation to make sure that their coins are protected so that they don't lose them or have them stolen from them due to lack of security.

Gold is a relic and sure, it is the current go to instrument for legacy finance, but I doubt it is a good place to put value.  Bitcoin is somewhere in the ballpark of 1,000x or more better than gold, so it seems silly to be putting value into gold and diluting your investment capital to put into gold that has already shown itself as a loser in modern monetary battles.. I frequently suggest that guys put no more than 10% of the size of their bitcoin holdings, into gold, and even 10% might be too much.

I do think diversification is key in my portfolio.
I will probably retire early in a few months / years (it depends on how well btc and some assets in brazil will perform) and I need something more stable to keep living.

Also, I may even sell some gold to buy more bitcoin in a bear market.

I do think bitcoin is better than gold. I have 10x more bitcoin than gold. But I am not so optimistic about 1 quadritillion . If it goes to 1 mi it will be amazing .
But I want it to reach 1 mi while I am still young, not in 200 years lol

There are more interest in Bitcoin now than before and that means the market moving by a significant number will require some time. When I started developing interest in Bitcoin, I was told by the friend that introduced me not to expect 10x in Bitcoin so easily that I should give it time because Bitcoin will require time to grow since the market cap is a little bigger now than it was before. Those words stock to my head and if they are true, which I believe they are, I'm sure it will require up to 10 to 20 years for Bitcoin to reach $1 million. This is speculation but I'm just trying to ensure I don't set targets that are too difficult to achieve.

It is good not to create unrealistic expectations and also to keep your expectations low, yet at the same time, it is good to have plans for a variety of scenarios, including extreme upside scenarios.  The more prepared you are for a variety of scenarios both financially and psychologically, then the less likely you are to panic and the more likely that you already have a tentative plan in place that will help you to potentially stay somewhat on course of your plan, even though sometimes it can be a bit stressful and nerve racking to figure out what to do in the event that bitcoin prices move a lot in one direction or another. 

So being prepared is better than not, yet at the same time, you still might feel some stress and even question your course of action, even when you have already prepared, yet your having had prepared will at least make it more likely that you will have had already thought through some potential range of actions that you might take under certain extreme circumstances that might play out.

Also, if you are planning 4-10 years of longer and you have already been in bitcoin for a year or two, you still have situations in which if you are continuing to buy, then each new buy that you make will likely have a 4-10 year timeline connected with it, so some folks might have plans in which they slow down in their investing as the price goes up, which may or may not be a good idea, yet each person has to decide those kinds of considerations based on how much bitcoin they had so far accumulated and if they are still accumulating bitcoin, then it may be better to keep buying, even if there might be periods in which they are buying bitcoin at relatively higher prices.. yet since they don't really know the direction of the bitcoin price, it may be a safer course of action to keep buying bitcoin, at least for a full cycle and maybe even more than that..

Maybe guys may well have to keep buying for more than a couple of cycles before they really get to a point where they might consider adjusting the persistence of their bitcoin buys... so a guy who had been buying 10% of his income into bitcoin after 10 years would have had only invested around 1 years of income, and his income likely had changed over the years, and also the cost of living had changed and the bitcoin price had changed... so after 10 years, he may well need to reassess the extent to which he has enough bitcoin or if he just keeps buying.  Maybe his bitcoin had gone up more than the cost of living, yet maybe they did not. There are no guarantees, so he should attempt to be prepared for a variety of scenarios, including ongoingly studying bitcoin and/or shoring up his cashflow management systems and practices.

[Jewan420]

There are more interest in Bitcoin now than before and that means the market moving by a significant number will require some time. When I started developing interest in Bitcoin, I was told by the friend that introduced me not to expect 10x in Bitcoin so easily that I should give it time because Bitcoin will require time to grow since the market cap is a little bigger now than it was before. Those words stock to my head and if they are true, which I believe they are, I'm sure it will require up to 10 to 20 years for Bitcoin to reach $1 million. This is speculation but I'm just trying to ensure I don't set targets that are too difficult to achieve.

We do not have a single hand on the price of Bitcoin or we cannot determine the price, and it is not even possible for us to predict the future price. We cannot predict now whether Bitcoin is going to touch the milestone of 1 million in the next 10 years or it will take more time. Maybe we will see Bitcoin reaching 1 million in the next 5 years. However, we will not have to work too hard on this.

Currently, the upward price change of Bitcoin is attracting everyone to Bitcoin and bringing more buyers and holders. It is even forcing people to be more interested in Bitcoin. The biggest feature of Bitcoin is that it is as risky in the short term as it is profitable in the long term. Yes, I am saying that Bitcoin is profitable in the long term. Although it is not possible to give 100% guarantee, it will not be wrong to give a majority guarantee. So whether you are new to Bitcoin or interested in investing, it is not too late. Start buying now and hold on for a long time, you may not get as much profit as in the past, but there is still a good chance of profit.

[bitmover]

And, yeah, don't get me wrong, since of course, I am fairly highly allocated in bitcoin, yet I think that a lot of my allocation to bitcoin came from bitcoin's appreciation rather than what I put into it, even though in my first several years in bitcoin, I did end up giving a decent level of prioritizing in regards to investing in bitcoin, and then after I largely established my bitcoin position, I continued to give a certain level of priority in making sure that I did not sell too much of my bitcoin too quickly, even though I am not opposed to selling on the way up (price-based sustainable withdrawal) and also time based sustainable withdraw that I believe comes at a later stage in a guys having had held bitcoin, and each of us has to figure out the extent to which our accumulation of bitcoin might be enough or more than enough so that we can start to participate in price-based sustainable withdrawal and/or time-based sustainable withdrawal, which I believe are worthy and even attainable goals that many guys can aim to achieve as long as they have investment timelines of 4-10 years or more, and surely if you had already been accumulating bitcoin for several years (in your case, perhaps close to 2 cycles), then you may well be ready to enter into your next stage, whether that is maintenance or if that might be the employment of some form of sustainable withdrawal.

I consider myself fairly highly allocated in bitcoin as well, about 35%. And I have sold some this cycle, above 115k, which was transferred to gold.

Do you consider 35% a high allocation? People i know in real life just would consider me  crazy if I told them that, this is why I would like to ask your opinion on this. I think you are likely more than 80% , but that is quite understandable considering how long have you been here

 I am not sure if I should make more reallocations or not. However, I do have a comfortable financial condition now, which I would not like to lose if bitcoin goes really down for decades or whatever (which is unlikely)

[Barikui1]

Waiting is not a good strategy, and if you suggest that there is some level of knowledge that any newbie needs prior to getting started, then I interpret you as suggesting that waiting is a reasonable strategy, and I disagree with that, unless you can point out some specific handicap or issue that a person might have to work out.  so for example, if a person cannot figure out whether he has a discretionary income or not then it might not be a good idea to get started investing in bitcoin, since there is a need to invest from discretionary income (money you can afford to lose) rather than from money that is needed for expenses.

All you said are actually true, but am a bit surprised that you are misinterpreting my statement the wrong way, when I am talking of knowledge, am not saying that a newbie investors should wait or must have everything pertaining to knowledge on Bitcoin before he should start.
What am trying to say is that when it comes to aggressive purchase of Bitcoin, a Bitcoin investor needs to be knowledgeable enough to know when he or she  is over doing it, which might put him in a difficult situation later on, and he also needs to know that his aggressive purchase of Bitcoin needs to be within the confinement of his discretionary income, because I believe that not everyone knows this fact.
Some newbies investors sometimes mostly get carried away in buying and accumulating and most times goes beyond their discretionary income, which is a wrong step that may land their investment in trouble.

Then on my thought on wait, I also share the same sentiment that waiting for the dip before buying is never a good idea because no one knows what the market will do next, and the exact dip the said fellow might be targeting may never comes, which might makes him miss that buying opportunity, so it's never a good idea, especially those that are a  low coiner or that are this lagging behind in their accumulation journey.

[JayJuanGee]

And, yeah, don't get me wrong, since of course, I am fairly highly allocated in bitcoin, yet I think that a lot of my allocation to bitcoin came from bitcoin's appreciation rather than what I put into it, even though in my first several years in bitcoin, I did end up giving a decent level of prioritizing in regards to investing in bitcoin, and then after I largely established my bitcoin position, I continued to give a certain level of priority in making sure that I did not sell too much of my bitcoin too quickly, even though I am not opposed to selling on the way up (price-based sustainable withdrawal) and also time based sustainable withdraw that I believe comes at a later stage in a guys having had held bitcoin, and each of us has to figure out the extent to which our accumulation of bitcoin might be enough or more than enough so that we can start to participate in price-based sustainable withdrawal and/or time-based sustainable withdrawal, which I believe are worthy and even attainable goals that many guys can aim to achieve as long as they have investment timelines of 4-10 years or more, and surely if you had already been accumulating bitcoin for several years (in your case, perhaps close to 2 cycles), then you may well be ready to enter into your next stage, whether that is maintenance or if that might be the employment of some form of sustainable withdrawal.

I consider myself fairly highly allocated in bitcoin as well, about 35%. And I have sold some this cycle, above 115k, which was transferred to gold.

Do you consider 35% a high allocation? People i know in real life just would consider me  crazy if I told them that, this is why I would like to ask your opinion on this. I think you are likely more than 80% , but that is quite understandable considering how long have you been here

ha
Of course, the specifics of allocation and reallocation are going to differ from person to person, and so many times in traditional investments, there may well be allocations to various asset, so when you invest over a long period of time, then you bring your assets back into their original balances, which from my thinking largely ends up being that you end up watering your weeds rather than watering your plants.

My initial allocation from investing was around 13.5% in bitcoin in late 2015, even though in late 2014, I was thinking that 10% would have had been a good enough allocation to bitcoin.

Yet from late 2015 to late 2017, my bitcoin grew from $250 to about $19,666 (which would have had been by about 78x), and then corrected back down to around $4k-ish and the various prices in 2018, 2019, 2020 (which would have had been anywhere between 15x at $4k and 50x at $13k) and my various other investments might have gone up around 70% during that time between late 2013 and late 2020... so part of my thinking about the matter of reallocation related to my thinking that I should let the winners (in this case bitcoin) ride and why should I be reallocating back into the losers?  except maybe in very small ways.. not in meaningful ways.

Largely, I have created some ways of selling on the way up and buying on the way back down which is supposed to serve as my own way of dealing with volatility and my own suggestion to myself that I have found a way to deal with issue of reallocating by mostly allowing my winner to ride by following my own formulas of selling on the way up, which I authorized myself to be able to sell up to 10% for every doubling, but I don't even really follow my own suggestion since I am selling less than 3% for every doubling.. yet Iam still good with that.

Earlier in this thread, I outlined how my own allocations had changed between late 2013 and mid-2022, yet I have not updated it since then... which I think that I have said enough to make my points about largely just letting the winner ride.

Late 2013  (just starting to get into bitcoin - BTC prices $1,100 -ish  - immediately pre-bitcoin)
BTC           Stocks               Bonds (fixed/govt)                      Property               Business                Gold (Pms)             Cash       Hybrid Income generating funds      other           Created: June 29, 2022 (first posted on June 28)
0%              17%                   6%                                              5%                      5%                          0%                         6%                      59%                                        2%

Late 2014   (nearly met my bitcoin allocation target - which was intended to be 10% - bitcoin prices downwardly sloped all of 2014)  
9.5%            13%                   5%                                             4.5%                  4.5%                        0%                         4.5%                    57%                                        2%

Late 2015   (over-allocated into bitcoin by about 3.5% more than intended BTC prices - in low territories mostly around $250 for most of 2015)
13.5%           12%                   4%                                            4.25%                   4.25%                    0%                         4%                       56.5%                                    1.5%

Late 2017  (my first bitcoin pump up to $20k-ish - bitcoin grew a lot and other allocations grew less)
80%               2%                   0.25%                                        0.25%                   0.25%                    0%                         3%                       14.2%                                    .05%

Late 2018  (my first major bitcoin crash down to $3,124-ish - bitcoin values crashed but not as far as my late 2015 allocation)  
42%              6%                   1.25%                                         1.25%                   1.25%                    0%                         2%                       45.75%                                    .5%

Late 2021  (my second bitcoin pump up to $69k-ish - bitcoin grew a lot and other allocations grew less)
89%              1%                   0.125%                                     0.125%                   0.125%                    0%                         3%                       6.62%                                    .05%

mid 2022   (my second major bitcoin crash down to $17,593-ish - bitcoin values crashed but not as far as my late 2018 crash, so far)  
63%              2%                   0.5%                                          0.5%                      0.5%                       0%                         1%                       22.35%                                   .15%

I am not sure if I should make more reallocations or not. However, I do have a comfortable financial condition now, which I would not like to lose if bitcoin goes really down for decades or whatever (which is unlikely)

Of course, you have to be comfortable with whatever allocation that you have and prepares you for both likely scenarios and also for unlikely scenarios,. and at the same time, you are likely not locked in, so you might make tweaks to your allocations from time to time.

Sometimes you can adjust a little bit up or down rather than completely reallocating, yet sure, if you feel better by constantly taking away from your winner (bitcoin) and putting that into your various losers (your weeds), the there is nothing wrong with that, even though you might consider making adjustments so that you are not overly doing it and giving some room for your winner to continue to ride, yet it can take a whole cycle of up and down of holding through it, so even with myself, if you consider that my first cycle was the 2017 one, then surely there was some comfort that the correction was still around 15x higher than my 2015 starting point... and surely there are many of us who consider that it is going to be a lot more difficult for bitcoin to have major corrections, if there are not major price explosions to the upside, so guys waiting for sub $100k bitcoin might not get their satisfaction.. yet we never know, which is part of the rationale of having some diversification in our holdins of various assets...

Even though it likely is true that my average cost per BTC are much lower, in recent times I have been liking to suggest that even if my costs per BTC are around $5k per BTC, we might say that right now withe bitcoin prices in the supra $120k territories, then my BTC holdings are 24x in profits, and so maybe BTC prices might fall back to being only around $80k, which would only be around 16x in profits, and sure it is possible that bitcoin could correct beyond expectations and without going through a top before it goes through a long correction period.. sure it is possible, yet for me, I see no reason to be fucking around with trying to trade.  Sure, maybe it could be that I could sell some more BTC as the prices are going up, so instead of ONLY selling 3% for every doubling of the BTC price, then maybe I could shave off 6% or even 10%, yet it still might not matter so much to me if I shave some off at $200k  or if I might shave some off if we dip back down to $100k, even though my level of enthusiasm for selling may well be a lot lower if I were to be selling as the bTC price goes down rather than selling as the BTC price goes up, yet since I have already been ongoingly selling as the bTC price goes up since about $250k, I already have my system in place, so I could use money within that system  or even sell some extra BTC at any time, if I were to need some money or to be short on funds... or if I were to want to buy something that I don't otherwise have enough money.

Maybe if you are buying and/or selling,  you lose track of your cost of BTC, yet  there are surely a variety of ways to keep track of various assets that you have and to consider the extent to which you might draw upon them in the case that you might feel that you are at fuck you status or maybe at a partial fuck you status.. so sometimes you can start to be more elective with the kinds of work that you do if you are able to support yourself from your various investments, yet each of them is going to generate cash in differing ways, and I surely consider bitcoin to be the best cash generator of all of them, even though it is also likely true that it is better to sell your other assets first, before selling your bitcoin, since bitcoin remains the superior asset - which is part of the idea beyond sustainable withdrawal whether bitcoin is the only asset or if you might be supplementing other income and/or cashflow sources with your bitcoin.

Waiting is not a good strategy, and if you suggest that there is some level of knowledge that any newbie needs prior to getting started, then I interpret you as suggesting that waiting is a reasonable strategy, and I disagree with that, unless you can point out some specific handicap or issue that a person might have to work out.  so for example, if a person cannot figure out whether he has a discretionary income or not then it might not be a good idea to get started investing in bitcoin, since there is a need to invest from discretionary income (money you can afford to lose) rather than from money that is needed for expenses.

All you said are actually true, but am a bit surprised that you are misinterpreting my statement the wrong way, when I am talking of knowledge, am not saying that a newbie investors should wait or must have everything pertaining to knowledge on Bitcoin before he should start.

Sure, it could be that we agree on everything, even though I interpret your statement as potential excuse for a newbie to delay getting started, whether you meant it that way or not.

What am trying to say is that when it comes to aggressive purchase of Bitcoin, a Bitcoin investor needs to be knowledgeable enough to know when he or she  is over doing it,

Aggressiveness likely relates to how much of a person's discretionary income he is allocating to bitcoin investing, so if he has his finances in good order, then he can afford to be more aggressive, and if he does not have his finances in good order then he needs to be less aggressive, yet at the same time, sure knowledge and conviction might play a role in terms of how aggressive a person might feel that he is able to be... since if he has more confidence then he can be more aggressive, yet he still cannot be aggressive unless his cash flow management is in a strong place,  otherwise he woud end up transitioning from investing into gambling.

which might put him in a difficult situation later on, and he also needs to know that his aggressive purchase of Bitcoin needs to be within the confinement of his discretionary income, because I believe that not everyone knows this fact.

That is true.  Guys can  mistakenly go beyond their discretionary income, which is part of the reason to keep back up funds, and those kinds of practices have to do with having knowledge of cashflow management practices rathe than having knowledge of bitcoin.

You did not seem to be saying that in your earlier post.

Some newbies investors sometimes mostly get carried away in buying and accumulating and most times goes beyond their discretionary income, which is a wrong step that may land their investment in trouble.

Sure.  That is part of the reason that we need to get started as soon as possible since those are the kinds of balances of our cashflow and testing our limitations (financial and psychological) that any of us should be able to learn and get better at with more and more practice and reflection upon our practices.

Then on my thought on wait, I also share the same sentiment that waiting for the dip before buying is never a good idea because no one knows what the market will do next, and the exact dip the said fellow might be targeting may never comes, which might makes him miss that buying opportunity, so it's never a good idea, especially those that are a  low coiner or that are this lagging behind in their accumulation journey.

Yes.  We agree that waiting is not a good idea, especially for newbies, no coiners, low coiners and/or people who perceive themselves to still be in their accumulation stages (which it can take a long time to get through the accumulation stage, perhaps 4-10 years or longer depending on the persistency, consistency, regular, ongoing and/or aggressiveness in investing.. including whether or not the investor is able to front load their investment into bitcoin.

[Bigjoe33]

Long-term investment means buying Bitcoin and holding it for a long time, a long time frame can be three years, four years, five years or more. In short, when our analysis shows that we have made enough profit by holding Bitcoin for a long time and we should take this profit, we should plan to sell the investment and start again.

In 2017, many investors missed out on a lot of profit and the same thing happened in 2021, so we should learn from these past experiences and be careful. In 2019, we saw the Bitcoin market dumping from $1,979 to $3,156, and again in 2021, we saw the Bitcoin market dumping from $69,000 to $15,476.


Screenshots from Binance

Advising to sell off your Bitcoin investment and start again just because your analysis shows that you made enough profit doesn't sound good and/wise, yea. It's a wrong Bitcoin investment strategy if you ask me, yea. Though you/or everyone has a right to decision of what they want to do with there Bitcoin holdings. Or are you referring to selling part of the investment or all, and if you would sell your investments and start again as you stated, how many percentage(%) should be sold, and how long would you take to get back to accumulating to the level of that same price you sold considering to increasing level of Bitcoin?

Peherps the reason you opined for a sell is the fear of dump and/or future possibilities of dump that might occur. An investor selling off his Bitcoin assets because of dumps that are not certain, dumps that may not even come or no idea of when it will come is just too unrealistic, yea. Bitcoin in years and in more circles(2-3 or more circles)will surely overcome and outweigh such dumps.

 Looking at the dump season you sighted above that occurred in 2017 and 2019 respectively, can you compare the price of Bitcoin now(2025) to the dump that occurred? Don't you think an investor would be far in upper hand in his holdings and high profit if he had overlooked the dump and kept on accumulating? Perhaps, if he sold because of dump, he must have lost compared to Bitcoin now, and that wouldn't be good for an investor.

Consistent buying of Bitcoin and Hodl for long term(4-10 years or more) have been the best strategy to maximise full potential of Bitcoin, even though nothing is promised, but this has proven right and most valuable way of holding Bitcoin over the years. Fuck selling off Bitcoin because of the fear of dump, which is not even certain.

[Futurexxx]

.
Currently, the upward price change of Bitcoin is attracting everyone to Bitcoin and bringing more buyers and holders. It is even forcing people to be more interested in Bitcoin.

yes of course, people are more interested in result, that's why they (newbies or new Investors) are only interested in Bitcoin when the market is green, not knowing that it's not the best way to invest in Bitcoin, you buy and hold regardless of the market condition.

The biggest feature of Bitcoin is that it is as risky in the short term as it is profitable in the long term.

In as much as Bitcoin investment is more profitable when held for long, their is no guarantee that it's risk free if held for long either, though the chances of you being successful in extremely high if held for long like 10 years or more, but take note that it's not risk free even though it's held for long.
Just that the risk effect can be mitigated if held for a very long time, not that it's entirely risk free.
 

[Gost ms]

.
Currently, the upward price change of Bitcoin is attracting everyone to Bitcoin and bringing more buyers and holders. It is even forcing people to be more interested in Bitcoin.

yes of course, people are more interested in result, that's why they (newbies or new Investors) are only interested in Bitcoin when the market is green, not knowing that it's not the best way to invest in Bitcoin, you buy and hold regardless of the market condition.

I cannot agree with your comment. Because every time is a good and best time to buy Bitcoin. I don't know if there is a specific best time to buy Bitcoin or not. I think that if you have money to invest, you should buy. Because if a person waits to invest, it will never be the right decision. There are many who continue to buy using the DCA method of investment and also save money to buy aggressively. Saving money separately does not seem to me to be a very good method. Because if the market does not fall, then he may miss the buying opportunities. But if he continues to buy continuously, then he will not miss any buying opportunity. So a person should always continue to buy continuously.

[Finebone]

they (newbies or new Investors) are only interested in Bitcoin when the market is green, not knowing that it's not the best way to invest in Bitcoin, you buy and hold regardless of the market condition.

I cannot agree with your comment. Because every time is a good and best time to buy Bitcoin. I don't know if there is a specific best time to buy Bitcoin or not. I think that if you have money to invest, you should buy. Because if a person waits to invest, it will never be the right decision.

I think that you are misunderstanding futurexxx on what he was trying to say, he wasn't saying that their is a specific best time to buy Bitcoin, he was saying that newbies buys Bitcoin mostly when the market is rising, but they do not know that the best way to accumulate Bitcoin is buying and accumulating it regardless of the market condition ( if it's up or if it's down).
Just take a look at his statement again, and believe me you will understand him better.

When investing in bitcoin, I have come to understand that their is no better time to buy Bitcoin than now, because this current price might seems costly for now but in the future it would look very cheap,  so buying without paying attention to it current price is the ideal way to accumulate a huge stash of bitcoin, not by waiting for the price to drop wish will eventually delay your accumulation since no body knows what will happen to the value of bitcoin next.

[SuperBitMan]

.
Currently, the upward price change of Bitcoin is attracting everyone to Bitcoin and bringing more buyers and holders. It is even forcing people to be more interested in Bitcoin.

yes of course, people are more interested in result, that's why they (newbies or new Investors) are only interested in Bitcoin when the market is green, not knowing that it's not the best way to invest in Bitcoin, you buy and hold regardless of the market condition.

I cannot agree with your comment. Because every time is a good and best time to buy Bitcoin. I don't know if there is a specific best time to buy Bitcoin or not. I think that if you have money to invest, you should buy. Because if a person waits to invest, it will never be the right decision. There are many who continue to buy using the DCA method of investment and also save money to buy aggressively. Saving money separately does not seem to me to be a very good method. Because if the market does not fall, then he may miss the buying opportunities. But if he continues to buy continuously, then he will not miss any buying opportunity. So a person should always continue to buy continuously.

Yeah you are right, we don't have a best time to start investing in Bitcoin as long as bitcoin investment is concern, if as an investor who wants to invest in Bitcoin for a long-term and you are waiting for the right time to invest in Bitcoin maybe when there is the dip then you really don't understand long-term bitcoin investment and I suggest you should find someone to educate you on that or you read through post on this thread or other bitcoin related thread so you can learn, there's no point waiting for a dip to happen you can use the DCA strategy and accumulate weekly or monthly as you are doing so you will benefit along the line when a dip comes that is one good thing about DCA strategy it helps you to benefit in every dip that come you will not be left out, so there's no point waiting for the best time or a tip to happen as soon as you have made up your mind to start investing in Bitcoin for long time just start accumulating and holding.
However I will advise you to have a reserve funds it will help you accumulate Bitcoin aggressively when ever there's a dip without having financial issues.

[bitmover]

ha
Of course, the specifics of allocation and reallocation are going to differ from person to person, and so many times in traditional investments, there may well be allocations to various asset, so when you invest over a long period of time, then you bring your assets back into their original balances, which from my thinking largely ends up being that you end up watering your weeds rather than watering your plants.

My initial allocation from investing was around 13.5% in bitcoin in late 2015, even though in late 2014, I was thinking that 10% would have had been a good enough allocation to bitcoin.

I still owe some Ethereum, which I am considering selling now at the end of this cycle. They are basically 6-7% of my bitcoin holdings

What is your take on this JJG? Would convert them all now? Do you own any altcoin? This is the only altcoin that I owe, which performed pretty well but a little behind bitcoin (since 2017 when I bought it)

I am considering selling to buy some bitcoin or traditional investments

[MrNata]

Long-term investment means buying Bitcoin and holding it for a long time, a long time frame can be three years, four years, five years or more. In short, when our analysis shows that we have made enough profit by holding Bitcoin for a long time and we should take this profit, we should plan to sell the investment and start again.

In 2017, many investors missed out on a lot of profit and the same thing happened in 2021, so we should learn from these past experiences and be careful. In 2019, we saw the Bitcoin market dumping from $1,979 to $3,156, and again in 2021, we saw the Bitcoin market dumping from $69,000 to $15,476.


Screenshots from Binance

Advising to sell off your Bitcoin investment and start again just because your analysis shows that you made enough profit doesn't sound good and/wise, yea. It's a wrong Bitcoin investment strategy if you ask me, yea. Though you/or everyone has a right to decision of what they want to do with there Bitcoin holdings. Or are you referring to selling part of the investment or all, and if you would sell your investments and start again as you stated, how many percentage(%) should be sold, and how long would you take to get back to accumulating to the level of that same price you sold considering to increasing level of Bitcoin?

Peherps the reason you opined for a sell is the fear of dump and/or future possibilities of dump that might occur. An investor selling off his Bitcoin assets because of dumps that are not certain, dumps that may not even come or no idea of when it will come is just too unrealistic, yea. Bitcoin in years and in more circles(2-3 or more circles)will surely overcome and outweigh such dumps.

 Looking at the dump season you sighted above that occurred in 2017 and 2019 respectively, can you compare the price of Bitcoin now(2025) to the dump that occurred? Don't you think an investor would be far in upper hand in his holdings and high profit if he had overlooked the dump and kept on accumulating? Perhaps, if he sold because of dump, he must have lost compared to Bitcoin now, and that wouldn't be good for an investor.

Consistent buying of Bitcoin and Hodl for long term(4-10 years or more) have been the best strategy to maximise full potential of Bitcoin, even though nothing is promised, but this has proven right and most valuable way of holding Bitcoin over the years. Fuck selling off Bitcoin because of the fear of dump, which is not even certain.

You should have understood why I presented such information where I was in favor of long-term investment. I said that sometimes profit should be taken. As an example, I brought 2017 and 2021. In these 2017 and 2021, the market dumped a lot, due to which many investors faced huge losses. However, even in the conditions of facing such huge losses, those who trusted in Bitcoin are now making a good amount of profit, but those who did not trust the market and sold their investment at that time are now regretting it. Whether an investor sells or holds on to their investment is entirely up to them, but long-term investment has a time frame. Now if a person invests for four years and if four years have already been completed and he is already in profit, what will he do at that time?

[iBaba]

Anyone have any suggestions, questions or similar ideas that they would like to share in this thread?  Please do.  

JJG's Bitcoin Investment Idea Outline

This is a scientific study based on data and facts.

Sir, I'll keep it short;

Why don't you write it down and summarize it all in a book so we can read it.

methinks the info changes too much for something as static as a printed book.

Exactly, JJG is always coming to this thread to edit and add some important information based on his current experience of the topic. Putting it in a book becomes difficult for editing and the book will lack those new information added to this thread from time to time by the OP.

I love it the way it's in the forum because you don't need to pay a dime to have access to what the thread contains. The information on this forum is more than reading books because you have the privilege to talk to the OP directly and ask questions to get more advice on your bitcoin investment journey.

You said it well honestly. The information we are gradually gathering on this forum by the day learning from people's mistakes and success story including the guidance of JJG on trading related matters on this forum. JJG has always been so beneficial to us thereby dropping new updates and sharing his experiences on the forum through threads and that's what truly makes it sweet because it is not a static knowledge rather the knowledge flows like a river that will never dry. Why did I say so, it is because on JJGs threads, where you can calmly ask your questions and boom the next person on the thread will try to provide solutions to your problems unlike a book that you have to wait for the next publication before you check for what you are looking for.

But if we reason it closely and properly, having a book even if it's ebook in the name of JJG would be a great idea, I am ready to volunteer to join the team that will edit the manuscript because I'm pretty sure that the book will be filled with wisdoms he's been dropping on his threads since way back as it will serve as a solid place of knowledge where people can learn trading related knowledge from start to finish. We can release the book in editions starting from edition 1 as the book becomes an achieve of knowledge to always refer to from within and outside the forum (outside world) and the forum will remain the lab where the ideas are hatched, cooked and tasted.

[HajiBagi]

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Currently, the upward price change of Bitcoin is attracting everyone to Bitcoin and bringing more buyers and holders. It is even forcing people to be more interested in Bitcoin.

yes of course, people are more interested in result, that's why they (newbies or new Investors) are only interested in Bitcoin when the market is green, not knowing that it's not the best way to invest in Bitcoin, you buy and hold regardless of the market condition.

I cannot agree with your comment. Because every time is a good and best time to buy Bitcoin. I don't know if there is a specific best time to buy Bitcoin or not. I think that if you have money to invest, you should buy. Because if a person waits to invest, it will never be the right decision. There are many who continue to buy using the DCA method of investment and also save money to buy aggressively. Saving money separately does not seem to me to be a very good method. Because if the market does not fall, then he may miss the buying opportunities. But if he continues to buy continuously, then he will not miss any buying opportunity. So a person should always continue to buy continuously.

Whether you are a new or old investor, you should be aware that there is no better time to buy bitcoin. If you are waiting for a better opportunity to buy bitcoin, you are taking a significant risk that will result in you having zero bitcoin at the end. What we should always remember about bitcoin is that it is an investment that can not be predicted, no one knows how the market will be in the blink of an eye.

Anyone who is waiting for a better opportunity to invest in bitcoin does not know anything about bitcoin,  perhaps the person is a newbie because waiting for a good time is affecting them and preventing them from buying bitcoin, there is a best way to buy bitcoin, which is the DCA method, it is the method used to continue accumulating bitcoin without waiting for the perfect time.

[Dogedegen]

Would it be possible to keep this thread more focused? I have it coming up many times on my watchlist now but mostly they are generic discussions. 

I still owe some Ethereum, which I am considering selling now at the end of this cycle. They are basically 6-7% of my bitcoin holdings

What is your take on this JJG? Would convert them all now? Do you own any altcoin? This is the only altcoin that I owe, which performed pretty well but a little behind bitcoin (since 2017 when I bought it)

I am considering selling to buy some bitcoin or traditional investments

Since it represents a small percentage of your portofolio I would say that you should ride it out this cycle. The reward/risk ratio is still pretty high and you should see whether the famed altcoin season comes or not. If it does that means that there is a bit more upside left for ETH too. However, as soon as you see the focus shifting from ETH to other L1 altcoins you should dump it. If you want to try some cycle trading as I've discussed with JJG in other places, you could dump it for a stablecoin and try to catch Bitcoin at the next market low.

I won't speculate where that might be or whether this cycle will be different and break previous patterns. We will find out soon enough.